Evergrande: Should You Be WORRIED? Impact on Crypto!! (Ep 247)
Coin Bureau
00:00
Cryptocurrency Markets Are Not Isolated From Global Macro Factors
The risk of contagion in the chinese property and credit markets could absolutely wreck the portfolios of these managers that hold their debt. The reality is that bit coin and other crypto assets have a pretty strong correlation with equity markets. In times of market stress, bit coin acts more like a risk on asset than a safe haven. This means that investors will usually try to limit their exposure to it during market uncertainty.
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